Er, wait... maybe not...
A Daily Mail investigation has revealed that far from saving the planet, the extravaganza will generate a huge fuel bill, acres of garbage, thousands of tonnes of carbon emissions, and a mileage total equal to the movement of an army.
The most conservative assessment of the flights being taken by its superstars is that they are flying an extraordinary 222,623.63 miles between them to get to the various concerts - nearly nine times the circumference of the world. The true environmental cost, as they transport their technicians, dancers and support staff, is likely to be far higher.
The total carbon footprint of the event, taking into account the artists' and spectators' travel to the concert, and the energy consumption on the day, is likely to be at least 31,500 tonnes of carbon emissions, according to John Buckley of Carbonfootprint.com, who specialises in such calculations.
I'm shocked, I tell you... SHOCKED!
All this hypocritical save the Earth crap would be hilarious if it wasn't so pathetic.